Canola on ICE Falls to Three-Month Low as Related Oilseed Markets Weaken
January ICE canola futures closed at C$781.80 per tonne, a three-month low, according to a Dow Jones Newswires market review published on November 3, 2026.
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what happened
ICE canola futures fell sharply on Tuesday and reached a fresh three-month low, Dow Jones Newswires reported. The January contract closed down C$6.90 at C$781.80 per tonne, after trading in a range from C$775.00 to C$790.80 per tonne.
An analyst said chart signals remain bearish and that a move toward major support near C$750 per tonne is possible. Pressure also came from related markets: Chicago soybeans, European rapeseed and Malaysian palm oil all closed lower, while Chicago soyoil held small gains.
The canola harvest has now been completed across most of Western Canada, which reduces forced selling by farmers. On Tuesday, 58,620 contracts changed hands, compared with 55,802 the day before, and 29,978 of them were spread trades.
why it matters
For the oilseed complex this signals weakness driven by seasonal supply and a broad decline in vegetable oil prices. Completion of the harvest limits the risk of extra selling from farmers, but the technical picture still favours sellers.
market impact
Canola and vegetable oils: weaker related markets and bearish technicals pressure ICE futures
- Canola (ICE futures) pressure down — harvest is complete and soybeans, rapeseed and palm oil also fell
tags
instruments
sources
- ICE Review: Canola Hits Three-Month Lows — Dow Jones Newswires, 3 November 2026 at 20:12 UTC
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